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Tenet Posts $31 Million Loss
But Notes Rising Admissions

Tenet Healthcare Corp. reported a first-quarter net loss Tuesday as a litigation charge pared results, but the hospital company cited further signs of progress in its turnaround efforts, notably higher admissions, pricing increases and a higher adjusted earnings margin.

The Dallas-based hospital chain logged a net loss of $31 million, or six cents a share, compared with net income of $75 million, or 16 cents, a year earlier. The year-earlier figure included a large favorable income-tax adjustment.